RTTNews | May 17, 2021 04:51PM EDT

16:50 Monday, May 17, 2021 (RTTNews.com) - Apartment Investment & Management Co. (AIV) released a profit for its first quarter that increased from last year.

The company's profit came in at $20.21 million, or $0.14 per share. This compares with $4.43 million, or $0.03 per share, in last year's first quarter.

Analysts had expected the company to earn -$0.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $39.80 million from $38.31 million last year.

Apartment Investment & Management Co. earnings at a glance:

-Earnings (Q1): $20.21 Mln. vs. $4.43 Mln. last year.-EPS (Q1): $0.14 vs. $0.03 last year.-Analysts Estimate: -$0.07-Revenue (Q1): $39.80 Mln vs. $38.31 Mln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3195427/apartment-investment-management-co-q1-earnings-advance.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved